These Crypto Market Makers Were Wary of FTX Before Collapse

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SCOOP: Liquidity providers B2C2Group and KaironLabs had concerns about FTX_Official and sister firm AlamedaResearch before liquidity concerns became public knowledge. BrandyBetz reports

from Genesis’ books on Wednesday, was approached by FTX sister firm Alameda Research for lending earlier this year, according to a source familiar with the matter. B2C2 declined the offer for unspecified reasons.that he suspected Alameda Research was behind an attempted attack in 2019 on exchange Binance’s then-new futures platform.

Belgium-based market maker Kairon Labs heard about a month ago that FTX/Alameda was “secretly blowing up,” Willemen told CoinDesk. The information came to the firm from a close contact at a top Asian exchange. Despite not having concrete evidence, Kairon Labs decided to act. “While we have significantly reduced our exposure over the course of the week, we still have withdrawals that have yet to be processed,” the firm wrote at the time of the withdrawal pause, noting that the stuck assets represented less than 10% of Amber Group’s total trading capital.

 

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B2C2Group KaironLabs FTX_Official AlamedaResearch BrandyBetz Why didn’t they raise the alarm.

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